State Street has appointed Jordao to lead its Global Services business in France and further enhance the branch's strategy.
The planned cuts are aimed to increase its competitiveness in an increasingly constrained operating environment.
Euroclear has now become CSDR approved in four countries, including Belgium, Finland, France and the UK.
CACEIS acts as the main custodian and administrator for many of the money market funds in the French market.
As Brexit looms, Societe Generale is to open a new base in Paris for clearing of derivatives and OTC products by the end of the year.